1350 Ogden Avenue HDFC Inc

Analysis

1350 Ogden Avenue HDFC Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 1350 Ogden Avenue HDFC Inc reported income of $552k and spending of $519k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $504k to $552k (+9.4%), an average of +2.3% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1350 Ogden Avenue HDFC Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Barrio Viejo Elderly Housing Inc ($551k), Rising Sun and Ohio County Senior Citizens Housing Inc ($552k) and Jennings Senior Housing Inc ($551k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $2.0m against liabilities of $88k, net assets of $1.9m.